Did you know you can negotiate fee reimbursement rates with an insurance company as a dental service provider? You can and you should! Negotiated fees are fees a dentist who is “in-network” agrees to accept as payment for services provided to the patient, less co-payments, deductibles, cost sharing and benefit maximums. Insurance companies do not […]
Read MoreSteps to Implementing Standard Operating Procedures (SOPs)
Whether in writing or digital format, Standard Operating Procedures (SOPs) should be utilized as a part of your personnel management process now more than ever dealing with a post-pandemic labor force. They are not just policies to be followed in the dental practice; they are the actual steps to be followed consistently to accomplish certain tasks […]
Read MoreHave You Considered Being In-Network?
The term “in-network” is defined as health care facilities – hospitals, doctors, dentists, specialists, pharmacies – that have an agreement with insurance companies to provide medical care to their insured members at a discounted rate. The rate is agreed upon by the health care provider. Patients will typically pay less with an in-network provider. At […]
Read MoreWhat Should You Expect from the Credentialing Process?
The credentialing process is necessary to become in-network with one or more PPO insurance providers. This is good for your dental practice to obtain new patients and help the practice grow. Your main job is to provide quality health care service to your patients. But since you are running the business, you should also benefit […]
Read MoreHow Credentialing Helps Your Dental Practice
Credentialing is what is necessary to become in-network in order to participate with a myriad of insurance companies and their different plans. There are various types of insurance providers including PPO, DMO, HMO, DHMO, Medicaid and within each type, there are several insurance providers. Dental patients are much more likely to seek treatment with a dentist who participates with their […]
Read MoreWhat Dentists Should Know About PPO Re-Negotiation
If you decide to become an in-network (PPO) provider, from the very beginning it is of utmost importance to negotiate contract fees. Keep a record of your contract dates to be proactive in having the ability to re-negotiate your contracts. Most contracts for fees have a term of 18-24 months. In order to maintain your bargaining […]
Read More